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Showing 71 - 80 of 608 results for "Big Four"

ANZ posts profit, announces dividend

ELIZA BAVIN  |  WEDNESDAY, 19 AUG 2020
... its capital strength and updated regulatory guidance. The decision to pay a dividend means Westpac is the only of the big four banks to opt against a dividend this reporting round. ANZ's interim dividend represents 46% of the banks 1H20 statutory profit ...

Westpac ditches dividend

ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
Westpac has become the first of the big four banks to not deliver a dividend in its first half results as it reported a net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said ...

Former Aberdeen duo back with Sydney boutique

KANIKA SOOD  |  FRIDAY, 7 AUG 2020
... situations. "We are looking to provide institutional caliber service in a nimble fashion than you would get from the big four style firms," Bishop said. "We are doing some specialist work for a public sector client. We can also help our credit funds ...

Banks ordered to reduce dividend payout ratios

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
... businesses. Commonwealth Bank, for example, currently targets 70% to 90% full-year dividend payout ratio. Last year, the big four banks accounted for about 30% of total dividends paid by S&P 200 stocks, on a gross basis including cash dividends plus ...

Aussie banks set to underperform

ALLY SELBY  |  THURSDAY, 16 JUL 2020
Australia's financial services sector, particularly the big four banks, are set to underperform over the coming months, with mounting business and home loan deferrals to blame. That's according to T. Rowe Price head of Australian equities Randal ...

Former BMO head joins big four executive line-up

ALLY SELBY  |  MONDAY, 29 JUN 2020
... relocate to Australia, after he nabbed a role as the group executive of business and private banking at one of the country's big four banks. Andrew Irvine has been appointed in the role at National Australia Bank, and is expected to start with the bank ...

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
... 13% of victims report a scam, suggesting actual figures could be significantly worse. Based on combined data from the big four banks, scamwatch.gov.au and other government agencies, the report found that investment ($126 million) and dating scams ($83 ...

BlackRock drops fees on bond ETFs

KANIKA SOOD  |  FRIDAY, 5 JUN 2020
... Bloomberg index that measures the performance of the Australian corporate bond market after excluding issuance from the big four banks. IYLD is targeting 0.75% to 1% yield margin over the RBA cash rate and will charge 12bps per year as fees. The second ...

BlackRock iShares launches two ETFs

KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... Bloomberg index that measures the performance of the Australian corporate bond market after excluding issuance from the big four banks. IYLD is targeting 0.75% to 1% yield margin over the RBA cash rate and will charge 12bps per year as fees. The second ...

Banks accused of violating worker ethics

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... the forgotten element in the Royal Commission. Of the eight FSU members to take part in this report, seven work at the big four banks and one works at a mutual bank. "So what happens to workers in Australian banks when the ethics of capitalist policy ...